Bitcoin going to testing it's daily resistance, could it break?Technical analysis:
Welcome to this quick update everyone,
In Daily timeframe Chart, Once Again Bitcoin Bulls Are Back in Town, Daily MA50 got Cleared & turned into Support.
At the Moment, Bitcoin bulls are testing the Key Horizontal Resistance 41k, If Daily Candle Closed Above the 40.6k(Daily Resistance), Next Would be 46-48k Resistance Area.
In Worst Case, In Case of Rejection, Bitcoin Might Retest the MA50 (34.4k) then it will go upto 31k(Daily support)
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Dailyanalysis
LNA-IRCTC, HEROMOTO, HDFCLIFE, ATULAUTO, AMARAJA, TAMO and moreLNA stand for Late night analysis
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👑 Terms used if you don't know :
✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa until one of them wins
✣ Structure and trend: Two types of trends that exist in the market today are uptrends and downtrends. Each type of trend tells a different story and has its own impact on a trader's success in the market. While uptrends show a series of higher highs and higher lows, downtrends show lower highs and lower lows
✣Breakout: Breakouts are commonly associated with ranges or other chart patterns, including triangles( HERE WE WILL SEE THIS ONE ), flags, wedges , and head-and-shoulders. These patterns are formed when the price moves in a specific way which results in well-defined support and/or resistance levels. Traders then watch these levels for breakouts
✣ RSI DIVERGENCE: A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position.
✣ Supply/ Demand: In the supply zone , the prices are higher than the bid price, and in the demand zone , they are lower. The bid price is what a trader is willing to pay for a stock
👑 Important levels - explained well
👑 Comment your thoughts and queries regarding anything on this analysis of mine, feel free buddy :)
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🎓🎓 Some info about me :)
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls
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This is a series of videos I am starting so that I can give you guys what I think and am seeing for tomorrow also which stocks to add for tomorrow and how I hold my trades and think during the process :) your fav stocks and you want me to analyze plz comment on them so that I will analyze all of them tomorrow in the video :)
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🎓🎓 Some info about me :)
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
☃☃☃☃ Thank You Have a Nice Trading Day ☃☃☃☃
Daily nifty analysis E-1Nifty trading strategy for tomorrow
Nifty looks positive as today's fall seems like retracement only. Nifty closes near support range 15770-15740 and near 61.8% Fib retracement level. Multiple supports on downside.
If nifty open flat or gap up, initiate long if 15 min candle closes above 15800 with SL - 15750. If nifty opens gap down wait for initial hour for trend confirmation.
ICICI BankDaily Chart Pattern
On Support Line
Waiting for reverse from Support Line
Can give good 10 % to 20 % return
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. Never invest more then 2 % Capital In Single trade. Trade on your own Risk and analysis
TITAN | Head & Shoulder Pattern BreakDown🎯⭕ Swing Trading opportunity ! Daily Chart Alert !!!⭕
--Short Below =1411.90 or CMP
--Target = 1338.15
--Stop-loss = 1460.30
--R:R =1.51
--Lot Size =750
--Expected Profit = 54,000 (5.19 % ) PER LOT
--Expected Holding = 10-15 Days only
#ThankU For Checking Out Our Content , We Hope U Liked IT 📌
======================================================
⭕Technical Reasons to trade or Strategy applied :- ⭕
1) Titan has formed head & shoulder pattern at the all time high
2) Target is based on the Longterm Trendline support & support Zone
3) Volume is perfect according to the setup
4) Bearish Engulfing candlestick Pattern with good volume
5) stock has broken the 50ema as well .
👇👇👇👇 CHECK OUT THE RELATED IDEA 👇👇👇👇
PROFIT 33,000 per lot 🎯 (6%) in four days
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Guys check out the related ideas as well, it worked really well GUARANTEED !
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✍COMMENT Below your view !
Nifty'50 Support & Resistance Zones for 29th Jan'21Nifty may take a snap recovery on 29th Jan'21!
+ Price taking support at golden fibonacci level (61.8%) and 50EMA, between 13,705 - 13,750 Levels
+ Day is closed with a Doji candle at the bottom of Bollinger Band
+ Fibonacci level, Bollinger Band bottom, 50EMA... is making the area of confluence and signifying indecision and possibilities of 'U' turn
+ A strong bullish candle on 29th Jan, lead to formation of Morning Doji Star
- Higher selling pressure can be witnessed, if price breaks 13,450 levels
Reco:
Buy 14,100 Calls (CE), if price sustains 13,945 on 30/60mins TF
Target: Spot price 14,100
Stop Los: Spot price falling below 13750
Regards,
Ravi Bhadrappa
Sterling dip on Brexit headlines, another chance to buy on dipsYesterday, GBP decreased against the USD by 0.7 percent. Thursday witnessed another cascade of Brexit headlines develop, consequently bullying GBP/USD to lower levels on Thursday and erasing Wednesday’s gains.
The 1.31/1.3064 resistance zone on the H4 timeframe once again served sellers well, composed of the 1.31 handle, resistance from 1.3064 and August’s opening value at 1.3078. The key figure 1.30 surrendered ground, as did October’s opening value at 1.2925, to challenge 1.29 (located above Quasimodo support at 1.2865). Beyond here, 1.28 offers a reasonable target. Aiding the H4 resistance zone is a daily resistance level coming in at 1.3017, with downside on the daily timeframe pointing to trend line support, extended from the low 1.2075. Meanwhile, on the weekly timeframe, last week observed GBP/USD extend recent recovery gains from support at 1.2739 (a 2019 yearly opening value). Technicians will acknowledge 1.2739 blends with trend line resistance-turned support, extended from the high 1.5930. In terms of resistance, price has room to advance as far north as the 2020 yearly opening value at 1.3250.
Suggestion: BUY GBPUSD AT CMP 1.2890 SL BELOW 1.2800 TGT 1.2990/1.30
ELSE
SELL BELOW 1.2800 SL ABV 1.2890 TGT 1.1.2720
Trend Analysis for Bank NiftyThe Trendline has been sharply broken by the candles and is expected to reach the nearby support.
Market is already in Greed mood plus there is no update on Covid, more and more people will try to book profits as the market is in overbought or inflated(PE OF BN is 23.1) considering the current condition.
You can expect a target till nearest support
The Time Frame used is 4H
BAJAJFINANCE: AnalysisKeep an eye on Bajaj Finance it is going to breakout soon (Possibility of an Up trend).
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Reason to buy:
1) Triangle breakout.
2) Taking support on previous breakout levels.
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Best place to buy is at a retracement levels of 3429.95. Stop loss will be at previous immediate swing levels.
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Calculate your RR ratio and take the trade.
CIPLA: AnalysisYesterday cipla broke out from its range today it retested and started moving as expected.
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Reason to Buy :
1) Broke out from triangle pattern with good volume.
2) Good price action in one hour time frame(Triangle breakout as well).
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Stop-loss must be kept at previous immediate swing. RR ratio must be calculated before taking the trade.
BANKNIFTY LEVELS 18/09/2020Currently sitting at a support zone of 22280-22300. Break below this can take us to 22090. Above 22300 we have 22505, 22650. Have a look on the chart for the support and resistance levels.
Share your opinion in the comment section below, and like and follow for daily market analysis !
Professional Trader | Experience: 2.5 Years
NOTE: The above mentioned views are for educational purposes only. You acknowledge the fact that you are alone responsible for your profits and losses, we won't be responsible for any kind of loss that you might incur by following our signals.
NIFTY LEVELS 18/09/2020 BREAK OR BOUNCEBreak of 11510 support, will lead to a fall towards 11450, 11370. Bounce off from 11510 support will lead to 11565, 11612. Have a look on the chart for the support and resistance levels.
Share your opinion in the comment section below, and like and follow for daily market analysis !
Professional Trader | Experience: 2.5 Years
NOTE: The above mentioned views are for educational purposes only. You acknowledge the fact that you are alone responsible for your profits and losses, we won't be responsible for any kind of loss that you might incur by following our signals.
INVESTMENT IDEA on SUNPHARMA | Rising Parallel ChannelStrong and HIGH PROBABILITY BUY SETUP on Sun Pharma. Currently in the best price zone to buy (510-500). Target: 562, 580
Time duration: HOLD for at least a month. Expected ROI 11-16%
The factors supporting our view are as follows:
1. Price is sitting just above the parallel channel's support trend line
2. Price is sitting just above an important psychological price level of 500
3. Price is sitting just above an important demand zone (495-505)
LIKE AND SHARE if you like our investment idea. Do let us know your opinions and suggestions in the comment section below.
Trading Experience: 2.5 YEARS
NOTE: The above mentioned view is our personal view. We are NOT SEBI registered. You are solely responsible for any losses that you might incur from our signals.
Voltas LTD:AnalysisVoltas is forming a triangular pattern in 1 1 hour time frame and taking support on daily time frame parallel channels.
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I'm expecting a break out in near time. Keep an eye on this stock expect a good rally whatever side it breaks.
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Planning to trade for Intraday or max 2-3 days in holding.
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Stop loss must be below the immediate swing or support level.